- ISS recommends shareholders of
Intertape Polymer Group Inc. vote in favour of all resolutions at the upcomingMay 11, 2022 shareholder meeting, including the resolution approving a plan of arrangement to be acquired by an affiliate ofClearlake Capital Group, L.P. - ISS determined that the transaction is the result of a robust sale process involving the solicitation of interest from a wide variety of potential counterparties, and that the terms of the transaction also appear reasonable
- Shareholders are encouraged to vote well in advance of the proxy voting deadline of
12:00 p.m. (EDT) onMay 9, 2022 .
Questions? Need help voting? Contact
Under the terms of the Arrangement, the Purchaser will acquire the outstanding shares of IPG for
ISS is a leading independent corporate governance analysis and proxy advisory firm that provides proxy voting recommendations to institutional shareholders. The independent recommendations of ISS are intended to assist their shareholder subscribers in making choices regarding proxy voting decisions. ISS made its independent recommendation after carefully reviewing the facts regarding the Arrangement and benefits to Company shareholders.
Welcoming the favourable recommendation of the Arrangement,
The Company’s Annual and Special Meeting of Shareholders is to be held
The Company’s management information circular (the “Circular”) outlines the background to the Arrangement and reasons for its recommendation and provides further details about the Arrangement, including details on how Company shareholders can vote their shares.
For a more detailed description of the Arrangement, readers should review the Circular and related materials, available on IPG’s website at www.itape.com as well as under IPG’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
THE DEADLINE TO VOTE YOUR SHARES IS
Shareholder Questions and Assistance
Shareholders who have questions regarding the Arrangement or require assistance with voting should contact the Company’s strategic shareholder advisor and proxy solicitation agent,
About
About
Founded in 2006,
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, “forward-looking statements”), which are made in reliance upon the protections provided by such legislation for forward-looking statements. All statements other than statements of historical facts included in this press release may constitute forward-looking statements. These forward-looking statements are based on current beliefs, assumptions, expectations, estimates, forecasts and projections made by the Company’s management. Words such as “may,” “will,” “should,” “expect,” “continue,” “intend,” “estimate,” “anticipate,” “plan,” “foresee,” “believe” or “seek” or the negatives of these terms or variations of them or similar terminology are intended to identify such forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements, by their nature, involve risks and uncertainties and are not guarantees of future performance. Such statements are also subject to assumptions concerning, among other things: the expected satisfaction of closing conditions to the acquisition of the Company by the Purchaser, business conditions and growth or declines in the Company’s industry, the Company’s customers’ industries and the general economy, including as a result of the impact of COVID-19; the anticipated benefits from the Company’s greenfield developments, and other restructuring efforts; the anticipated benefits from the Company’s manufacturing facility capacity expansions; the impact of fluctuations in raw material prices and freight costs including the availability and pricing due to supply chain disruptions; selling prices including maintaining dollar spread due to higher raw material and freight costs; the impacts of new accounting standards, including the impact of new accounting guidance for leases; the anticipated benefits from the Company’s acquisitions and partnerships; the anticipated benefits from the Company’s capital expenditures; the quality and market reception of the Company’s products; the Company’s anticipated business strategies; risks and costs inherent in litigation; legal and regulatory developments, including as related to COVID-19; the Company’s ability to maintain and improve quality and customer service; anticipated trends in the Company’s business; the expected strategic and financial benefits from the Company’s ongoing capital investment and mergers and acquisitions programs; anticipated cash flows from the Company’s operations; availability of funds under the Company’s 2021 Credit Facility; the Company’s flexibility to allocate capital as a result of the Senior Unsecured Notes offering; and the Company’s ability to continue to control costs. The Company can give no assurance that these estimates and expectations will prove to have been correct. Actual outcomes and results may, and often do, differ from what is expressed, implied or projected in such forward-looking statements, and such differences may be material. Readers are cautioned not to place undue reliance on any forward-looking statement. For additional information regarding important factors that could cause actual results to differ materially from those expressed in these forward-looking statements and other risks and uncertainties, and the assumptions underlying the forward-looking statements, you are encouraged to read “Item 3 Key Information - Risk Factors”, “Item 5 Operating and Financial Review and Prospects (Management’s Discussion & Analysis)” and statements located elsewhere in the Company’s annual report on Form 20-F for the year ended
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
(T) (416) 526-1563
(E) ross.marshall@loderockadvisors.com
Source:
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